In the United States in 2009, government purchases of goods and services were

Question

Quizplus · Accepted Answer

Government purchases of goods and services refer to the amount of money spent by the government on goods and services, which includes everything from military equipment to salaries for government employees. In 2009, consumption, which represents the amount of money spent by households on goods and services, was likely larger than government purchases due to the size of the American economy. Investment, which represents the amount of money spent by businesses on capital goods, was likely smaller than government purchases due to the economic recession that occurred in 2009. Therefore, the government purchases of goods and services were larger than investment, but smaller than consumption.

In the United States in 2009, Government Purchases of Goods